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STMicroelectronics (STM -6.2%) is hit hard by downgrades to Underperform and Sell from BNP...

STMicroelectronics (STM -6.2%) is hit hard by downgrades to Underperform and Sell from BNP Paribas and UBS, respectively. The chipmaker is expected to see an 11% revenue decline this year; culprits include weak TV sales, strong European exposure, and ST-Ericsson's woes.
Comments (1)
  • Down 6%? Time to buy.
    5 Sep 2012, 02:23 PM Reply Like
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